With 103.49 minor support intact, further rally is mildly in favor in USD/JPY. Above 104.27 will bring retest of 105.41 high. On the downside, below 103.49 will turn bias back to the downside for 103.08. Overall, we're still viewing USD/JPY as in consolidation pattern, either from 105.41 high or from 100.75 support.
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